The global crypto market has seen a change in value as it has turned bullish. The recent data for Bitcoin, Binance Coin, and others shows that there has been an influx of capital. As the market continues to grow, there will be positive changes for investors. The market has seen hard times for a while and might continue. The ongoing changes in the market are mainly due to financial recession, geopolitical problems, and related issues. If this situation persists, the market might suffer further.
Crypto gambling live streams are to be banned from Twitch after a $200K scam. A Twitch user has confessed that he has scammed users of more than $200K. Later, Twitch announced it is going to ban all crypto gambling live streams from 18 October. The Amazon-based site said on Wednesday that they had monitored the situation for a while. Also, crypto gambling is forbidden in the US and other areas, so it might cause legal problems.
Twitch posted a message on Twitter that it is making policy changes from 18 October. Twitch specifically mentioned some sites that include Stake.com, Rollbit, Duelbits, Roobet, etc. Also, the website said that it would allow sports betting, fantasy sports, and poker. Twitch crypto gambling has caused huge losses to persons participating in it.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC continues bullish
According to market experts, the Fed rate hike is about to wreak havoc on Bitcoin. The value of Bitcoin has continued to regress because of global political instability and the increase in the US inflation rate. If the fed rate is rather further hiked, it will cause losses to the market.
The recent changes for Bitcoin suggest an improvement, but there is a need for lasting gains. The latest data shows that it has added 1.54%. In comparison, the weekly data shows that it has shed 5.31%.
The price value for BTC is currently in the $19,283.02 range. The market cap value for Bitcoin is estimated to be $369,126,764,822. The 24-hour trading volume of this coin is about $34,260,680,451.
BNB in gains
Binance had recently announced the promotion of its own stablecoin, but the move didn’t prove productive as expected. The recent changes in the market have brought USDC considerable gains as Binance’s stablecoin remained recessive.
The recent changes for Binance Coin show optimism. As the current changes have continued, they have brought gains of 0.84%. The weekly data shows that it has receded by 3.38%.
The price value for BNB is currently in the $270.57 range. The market cap value for this coin is estimated to be $43,653,187,260. The 24-hour trading volume of this coin is about $784,471,986.
The performance of Maker has shown a regressive trend despite the bullish changes in the market. The latest data shows it has shed 0.47% over the last day. The seven-day data shows that it has 11.82%. The price value for MKR is currently in the $619.54 range.
The market cap value for Maker is estimated to be $605,782,624. The 24-hour trading volume of this coin is about $28,020,617. The same amount in its native currency is about 45,221 MKR.
FTM turns bullish
The value of Fantom has also shown a positive trend. The latest data shows that it has added 0.44% over the last day. The weekly data shows that it has shed 9.07%. The price value for FTM is currently in the $0.2284 range.
The market cap value for Fantom is estimated to be $581,271,764. The 24-hour trading volume of this coin is about $94,472,082. The circulating supply of this coin is estimated to be $2,545,006,273 FTM. If the positivity in the market persists, there is a chance that it will likely increase.
The global crypto market has seen a big change in value. The value of Bitcoin, Binance Coin, and others has improved over the last 24 hours. As the market improved recently, there has been an increase in the value of the global market cap. The latest data shows it is estimated to be $933.76 billion.